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20121201
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stories of the year. and, why china set up shop in greece at the height of the euro crisis. but first, this "in the know" message. the euro crisis continued to remain a major concern for investors throughout the course of 2012. at the center of it all, greece. the country grappled with a need for bailouts with strings attached in the form of severe budget cuts that sparked protests from the people. however, the financial crisis in europe is providing an opportunity for china. earlier this year, we heard from new york times reporter liz alderman on a chinese shipping company that is making waves in greece. > > how successful has this shipping company, known as cosco, been so far in greece? > > it's an interesting story. this chinese basically state- run shipping company came in here about three years ago in a $500 million deal that ever since then has been a model for the country, because what they did is they bought half of piraeus port, which is an ancient port in greece and one of the most important ports in the southern mediterranean. what they did was they basically took an operat
and to restore growth and jobs in countries such as greece and spain. >>> a new york judge announced an agreement for the international monetary fund and housekeeper. they have accused dominique can and dominique strauss-kahn had agreed to pay $6 million. >>> officials confirmed a private plane that went down in mexico yesterday was carrying popular americans mexican singer jenny rivera. a vigil was held in southern california last night and the singer was at the peak of her fame. she was also a reality television star an advocate for domestic violence victims. she leaves behind five children and two grandchildren. >>> a nevada woman who survived said she asked her boy february not to -- boyfriend not to venture out for help after they became stuck. she said they should stay with the vehicle and ride out the storm together n an interview she said she knew she would never see him again and she was rescued six days after she and clifton became stranded in the remote valley. clifton's body was recovered the same day. >>> they are cracking down on repeat drunk drivers and we will be whapping for seve
and greece top 25% with youth unemployment in both those countries near 60% news out of the midwest about the economy could bode well for today's national ism number. the chicago mni index---also known as known as pmi---shows a rating of 50.4 for november. a number above 50 indicates economic expansion. joining us now is alyce andres-frantz of chicago mni report. good morning. how are you summing up this latest report? are these numbers good enough? if you look at this report optically it looks very good. you have production up---employment tracking production. you have supplier deliveries lengthening and prices paid up big this month. when you take those four together you think wow this is a really great number but the big key here is new orders down. 5.3 plunging deeper into contraction at 45.3. it's the lowest level since june 2009. this is the biggest weight to this business barometer and this is the thing that held it down this month. you also have a situation this month where we have order backlogs up but still in contraction. it's just not a pretty picture when you have new orders
-debt nations like spain or greece, then you are probably going to see that safety play back off a little bit. > there are always places to park money. good to have you on the show this morning. have a great trading day. > > you too. if you're not yet fully awake this monday, here's one thing to open your eyes: after years of higher and higher coffee prices to consumers, brazil, which produces a third of the world's coffee, may turn prices around. a record crop there last year is being followed by another bumper crop. our cover story takes a look at what it means for coffee futures and retailers. brazil is expecting a record coffee crop again, just one year after its biggest harvest ever. "that would be a fabulous production." jack scoville, a commodities broker in chicago, says the bumper crop is the direct result of more coffee farms planted in brazil when a series of small crops drove prices high a couple of years ago. "it's because new trees and new areas are coming on." falling futures aren't great for investors, but may have coffee consumers buzzing. "if it's premium coffee, i'll buy a
bonds is up 80%, compared to a gain of just 3.7% for german bonds. it helped that greece's credit rating was upgraded to b- in june from "selective default" when the greek soveriegn debt was restructed. making those new year's resolutions to live healthier affects your waistline and your wallet. bankrate.com has listed some of those popular resolutions and crunched the numbers. exercise regularly and you could save up to 30% on medical care costs. quit smoking and the average savings is $2,000 on cigarettes. give up a 10-ounce bag of potato chips in your lunch and save more than $600 in the coming year. still to come, what corporations can learn from 2012 mishaps. a look back at the biggest blunders later on in the show. and, how to squeeze more from your personal finances in 2013 is just ahead with bill moller, after this "in the know" message. from a peronsal finance perspective, what do you suppose is in store in the new year? let me guess - higher taxes? that's one of many things that will be chaning. gail marks jarvis is a personal finance columnist. she's also the author o
but upper income americans and the sad news is we have accomplished little, in terms of not becoming greece, that bill will not affect the debt situation and it will be a a political victory for the president and i hope we have courage of our convictions, when it comes to raise the debt ceiling to fight what we believe as republicans. hats off to the president, he won. >> chris: quick follow-up, before we turn to senator feinstein, you said you don't think your conservative colleagues in the senate will filibuster or set up a procedural roadblock, they'll vote to avoid going over the cliff. >> if mcconnell can't get 60% of us to vote for the deal it will be hard for boehner to get through the house and i will want to vote for it, though i don't like it them. country has a lot to the stake here. >> chris: senator feinstein, is senator graham right, will we get a deal. >> he's partially right. yesterday, 2.1 million americans lost extended unemployment insurance. and, from this point on, it is lose-lose. my big worry, is, a contraction of the economy. the loss of jobs, which could be well ove
loans floor greece will be given to them between now and march. they need the money and they needed it for awester are you measures including tax increases and spending measures. >>> as tyler campbell reports, the country's top money man said our state is already taking a hit. >>> there is news from ben bernanke this year. >> reporter: he said no action on the fiscal cliff is hurting us now. all the action is scaring investors and employers and they have until december 31l1stl0 to compromise. if not, all cuts kick in and ben bernanke says we are in trouble. >> it is already affecting business investments by creating uncertainty or pessimism. >> they could be staying negotiating into the new year. reporting live, tyler campbell, ktvu channel 2 morning news. >>> two radio show hosts have been suspended about comments they made about a basketball player from fremont. he had surgery to become a woman and now the host steve zabin and a guest ranted about him and they said, that could be a russian chick, you loose test particular calls and gain eligibility. espn suspect -- espn suspended
it to take three years. another round of bailout loans for greece. greece will be given $64 billion between now and march. they need the money to avoid bankruptcy. in return for the money they had to commit to further measure including more spending cuts and tax increases. >> facebook said it wants to hire the brightest and most talented. this one survey ranking them as the best company in the world to work for. it pays interns $5,600 a month. facebook reportedly offers big payday to try to encourage them to drop out of college. >>> you can get google maps on your i-phone again. the mapping service is again available as an i-phone app. it was in the phones built in system until earlier this year when apple decided to install it's own map system but the quality of those maps was criticized. some users refused to upgrade to a new phone because they didn't want to loose their google maps. >> once again breaking news in the south bay. a high school in coopertino shut down and classes canceled after a threat to the school was found. we are live near monta vista with details on the threat. >>
Search Results 0 to 7 of about 8